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Business growth remains good for Amadeus in the first half of 2018

Tomás Monge

Head of Executive Communications, Amadeus

This morning we have announced our financial results for the first half of 2018 (the period ended 30 June 2018). Overall, results were good, although impacted by foreign exchange, with a positive group performance supported by both our business lines, Distribution and IT Solutions, as explained below.

Some of the the key financial metrics contributing to our positive results include (all figures are on a year-on-year basis, compared to the first half of 2017):

  • Revenue grew by 4.1%* to €2,477.0 million
  • EBITDA rose by 8.2%*  to €1,078.2 million
  • Adjusted profit   increased by 6.1%* to €606.8 million

As mentioned above, this was backed by both our Distribution and IT Solutions businesses maintaining their consistent operational growth (again, all figures are year-on-year):

  • In Distribution, the number of air travel agency bookings grew by 3.4% to 305.1 million and revenue grew by 2.5%. Asia & Pacific; Central, Eastern & Southern Europe and North America were our fastest growing regions in terms of travel agency air bookings. Western European bookings decreased compared to the first half of 2017, impacted by the industry decline and the loss of share at some European mid-size online travel agencies. Excluding Western Europe, Amadeus bookings grew 9.2% in the first half of the year. Revenue in the Distribution business increased 2.6%* to €1,563.4 million.
  • In IT Solutions, the number of Passengers Boarded (PB) processed through Altéa increased by 18% to 888.8 million. This PB growth led total IT Solutions revenue growth to 6.8%* in the period, negatively impacted by foreign exchange effects. We also continued to successfully progress in our diversification strategy into new businesses.

We are very focused on our technology, which is key to our success. Our investment in R&D amounted to 16.2%* of revenue in the first half of 2018. It was dedicated to support our product evolution and portfolio expansion, customer implementation and service, and cross-area technology investment.

Our President and CEO, Luis Maroto, said:

 “We remain optimistic on the outlook for the rest of the year. We continued to secure and expand the content available for our subscribers through the Amadeus system, with content agreements signed or renewed with 15 carriers, and the increase in the number of passengers boarded of our IT Solutions business (which amounted to 888.8 million in the first half of 2018) was supported by a 7.8% organic growth and by our latest migrations”.

If you'd like to learn more, detailed information can be found on our Investor Relations website , including the press release and other documents published today, plus a wide range of key financial facts and figures.

*Compared to H1 2017 figures restated for IFRS15 and IFRS9, applied from January 1, 2018.

Amadeus publishes financial results for the first half of 2018

Tags

Amadeus Financial Results, Investor Relations